The global space sector is no longer niche: by end-2022 it had pulled roughly $272 billion in private equity across 1,791 companies since 2013. At the same time, national security space spending is accelerating, with the US FY2023 allocation for national security space investment accounts jumping 19.5% to $20.8 billion.
India’s Chandrayaan-3 becoming the first mission to land on the Moon’s south pole is now being seen as a game changer for private investment. The landmark touchdown reportedly came at about 30% of the typical cost, strengthening confidence in India’s launch and mission ecosystem and encouraging more commercial players to bet on space ventures.
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